Date: September 12, 2026

Dividend Declaration

  • The Board of Directors at their meeting held on May 27, 2026, recommended a final dividend of ₹0.25 per equity share at the rate of 5% of the face value of ₹5 each for the Financial Year ended March 31, 2026.
  • The record date fixed for determining entitlement to the final dividend is Wednesday, September 16, 2026.
  • The dividend is subject to approval by shareholders at the 14th Annual General Meeting scheduled for Wednesday, September 23, 2026, at 03:00 PM (IST) through Video Conferencing/Other Audio-Visual Means.
  • Payment will be made within 30 days from the date of declaration to registered shareholders or beneficial owners as of the record date.

TDS Requirements for Resident Shareholders

Standard Rates:

  • Resident shareholders with valid PAN: 10% TDS as per Section 393(4) [Table: S.No.10] of the Income Tax Act, 2025
  • Resident shareholders without PAN/invalid/inoperative PAN: 20% TDS as per Section 397(2) of the Act

Exemptions/Conditions:

  • No TDS if aggregate dividend income to a resident individual shareholder during Tax Year 2026-27 does not exceed ₹10,000/-
  • Form 121 submission: NIL TDS for eligible shareholders fulfilling prescribed conditions (PAN mandatory)
  • Certificate under Section 395(1): TDS at rate provided in the certificate
  • Specific exemptions for Insurance Companies, Mutual Funds, Alternative Investment Funds, Recognized Provident Funds, Approved Superannuation Funds, Approved Gratuity Funds, and National Pension Scheme Trust with required documentation

TDS Requirements for Non-Resident Shareholders

Standard Rates:

  • Non-resident shareholders (other than FIIs/FPIs): 20% (plus applicable surcharge and cess) as per Section 393(2) [Table Sl. No 17] read with Section 207(1) [Table Sl. No. 1] of the Act
  • FIIs/FPIs: 20% (plus applicable surcharge and cess) as per Section 393(2) [Table Sl. No 17] read with Section 207(1) [Table Sl. No. 1] of the Act

Treaty Benefits:

  • Non-resident shareholders may opt for tax treaty rates under Double Taxation Avoidance Agreement read with Multilateral Instrument provisions
  • Required documents: Self-attested PAN copy, valid Tax Residency Certificate, electronically furnished Form 41, self-declaration confirming no Permanent Establishment in India, and declaration establishing genuineness of treaty provisions

Documentation Submission Requirements

  • All required documents must be uploaded on the RTA portal at https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html on or before Wednesday, September 16, 2026
  • No communications/documents will be considered after Wednesday, September 16, 2026, 05:00 PM (IST)
  • Email communications to RTA or Company will not be considered
  • Shareholders with multiple accounts under single PAN will have the highest applicable tax rate applied to their entire holding

Additional Information

  • The Company will email soft copies of TDS certificates to shareholders' registered email IDs post dividend payment
  • Shareholders can view TDS credit in Form 26AS available from their e-filing account
  • Shareholders must ensure bank account details are updated in their demat accounts for electronic dividend credit
  • Physical shareholders must update KYC details (PAN, contact details, mobile number, bank account details, signature) to receive dividends electronically

Disclaimers

  • The communication summarizes tax provisions and does not purport to be a complete analysis
  • Shareholders should consult their own tax advisors
  • No claim shall lie against the Company for taxes deducted
  • Shareholders are responsible for indemnifying the Company against any income tax demands arising from misrepresentation, inaccuracy, or omission of information